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Lock's Cable Corner

  • #4,041
  • Mar 31, 2017 9:10am Mar 31, 2017 9:10am
Remember that if the situation is unclear nobody is forcing you to trade. There is not shame in not to trade in such situation. Maybe you are goin to lose a wonderfull position but if you don't understand what market is currently doing the best solution, on the long run, is to step aside.
Ubi maior minor cessat
  • #4,042
  • Mar 31, 2017 9:30am Mar 31, 2017 9:30am
So now we have a poor high and B isnide A: go with any break from here. (we have acceptation back inside yesterday opit range now as we have 2 m30 closed inside it)
Ubi maior minor cessat
  • #4,043
  • Mar 31, 2017 9:34am Mar 31, 2017 9:34am
Poor high removed and no continuation upside in this first attempt. Let's see but it is still a very confusing and weak environment for now.
Ubi maior minor cessat
  • #4,044
  • Mar 31, 2017 9:39am Mar 31, 2017 9:39am
Quoting Lock
Poor high removed and no continuation upside in this first attempt. Let's see but it is still a very confusing and weak environment for now.
already took the long should have stayed away!
  • #4,045
  • Mar 31, 2017 9:40am Mar 31, 2017 9:40am
Quoting Lock
...about market participants note that currently we have a mixed participation, because we have both US new pit participants plus old GB ones. GB traders will remain normally involved untill 18:00+1GMT so it is not rare to see GB references considered and used during pit session. For instance right now I see a lot of consideration for today GB spike base at 2467.
Note current C low exactly at 2467.
Ubi maior minor cessat
  • #4,046
  • Mar 31, 2017 9:42am Mar 31, 2017 9:42am
Quoting titi14
{quote} already took the long should have stayed away!

If you're already long and your stops are below yesterday pit session range you are doing a licit thing. It could continue higher and if not, your risk is minimum. If it will break downside remember to close your position directly: do not wait to see your stops trggered.
Ubi maior minor cessat
  • #4,047
  • Mar 31, 2017 9:48am Mar 31, 2017 9:48am
Quoting Lock
{quote} If you're already long and your stops are below yesterday pit session range you are doing a licit thing. It could continue higher and if not, your risk is minimum. If it will break downside remember to close your position directly: do not wait to see your stops trggered.
it is one of the most confusing days for me... makes me feel so inexperienced
  • #4,048
  • Mar 31, 2017 9:50am Mar 31, 2017 9:50am
It is one of trickiest market I've ever seen in the last weeks, so don't worry about it.
Ubi maior minor cessat
  • #4,049
  • Mar 31, 2017 9:51am Mar 31, 2017 9:51am
Quoting Lock
It is one of trickiest market I've ever seen in the last weeks, so don't worry about it.
if you didnt say weeks i wouldnt :O for me its much more than that hehe
  • #4,050
  • Mar 31, 2017 9:53am Mar 31, 2017 9:53am
This continuous balance around yesterday pit session low has been very misleading even for me. Because it initially attempted a break above and looks like it failed then it attempted below balance and failed again and eventually retried succesfully upside. The only information that could have helped us was the acceptation inside yesterday pit session range. But it was not easy at all.

Also USDX is rallying! This mislead me even more.
Ubi maior minor cessat
  • #4,051
  • Mar 31, 2017 9:56am Mar 31, 2017 9:56am
Quoting Lock
This continuous balance around yesterday pit session low has been very misleading even for me. Because it initially attempted a break above and looks like it failed then it attempted below balance and failed again and evenutlaly retried succesfully upside. The only information that could have helped us was the acceptation inside yesterday pit session range. But it was not easy at all. Also USDX is rallying! This mislead me even more.
now the usdx rallying makes me think we will continue downside.... never seen both going updside...
  • #4,052
  • Mar 31, 2017 9:59am Mar 31, 2017 9:59am
Let's see how strong is this move above 1.25. If we make a new high, then we could see a real rally.
  • #4,053
  • Mar 31, 2017 10:00am Mar 31, 2017 10:00am
Quoting Lock
This continuous balance around yesterday pit session low has been very misleading even for me. Because it initially attempted a break above and looks like it failed then it attempted below balance and failed again and eventually retried succesfully upside. The only information that could have helped us was the acceptation inside yesterday pit session range. But it was not easy at all. Also USDX is rallying! This mislead me even more.

i guess this is tempo Lock
  • #4,054
  • Mar 31, 2017 10:00am Mar 31, 2017 10:00am
Quoting titi14
{quote} now the usdx rallying makes me think we will continue downside.... never seen both going updside...

Well sometime the correlation could be misleading too as in this case. Also the rally stopped. I think it is all about fed news. Now, taking this market a pieace at a time: next natural target after a failure below balance is the opposite side of that balance: yesterday pit session high at 2524. Then, if we will see continuation above it (if eventually reached) we could aim at 2556 and 2563 old poor highs made during 20.03
Ubi maior minor cessat
  • #4,055
  • Mar 31, 2017 10:04am Mar 31, 2017 10:04am
Now if instead we will fail above overnight high at 2508, a reversal to composite poc 2481 is normal. Very elongated C period.
Ubi maior minor cessat
  • #4,056
  • Mar 31, 2017 10:07am Mar 31, 2017 10:07am
Quoting Lock
Now if instead we will fail above overnight high at 2508, a reversal to composite poc 2481 is normal. Very elongated C period.
We got 1.2511...bull intact?
  • #4,057
  • Mar 31, 2017 10:09am Mar 31, 2017 10:09am
Quoting Lock
Now if instead we will fail above overnight high at 2508, a reversal to composite poc 2481 is normal. Very elongated C period.
looks so lock

have my TP at yest high...
  • #4,058
  • Mar 31, 2017 10:15am Mar 31, 2017 10:15am
Amazing rally. Am so glad I held long.
  • #4,059
  • Mar 31, 2017 10:18am Mar 31, 2017 10:18am
Quoting Lock
{quote} Well sometime the correlation could be misleading too as in this case. Also the rally stopped. I think it is all about fed news. Now, taking this market a pieace at a time: next natural target after a failure below balance is the opposite side of that balance: yesterday pit session high at 2524. Then, if we will see continuation above it (if eventually reached) we could aim at 2556 and 2563 old poor highs made during 20.03
Yesterday pit session high taken out. Now for continuation we need acceptation above both overnight high at 2508 and yesterday pit high at 2524. If so, we could aim at 2556 and 2563 as written.
Ubi maior minor cessat
  • #4,060
  • Mar 31, 2017 10:19am Mar 31, 2017 10:19am
Quoting titi14
{quote} looks so lock have my TP at yest high...

Did you profit on it? If so: very good.
Ubi maior minor cessat
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